Thursday, Mar 20, 2008
The danger for UBS is that such losses eventually scare off clients and cause private bankers to move to competitors.
spiegel.de: Bear Stearns Shock Crosses the Atlantic
Bear Stearns Shock Crosses the Atlantic
The question UBS must wrestle with is whether its vaunted private banking and wealth management arms, which probably constitute nearly all of its market value at present, and its investment banking and trading arms, which are responsible for its disastrous losses in the U.S. mortgage market, belong under the same roof. The danger for UBS is that such losses eventually scare off clients and cause private bankers to move to competitors.
Posted by chris @ 12:21 AM (155 views) Add Comment
1 Comment
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1. Mken said...
link should be
http://www.spiegel.de/international/business/0,1518,542125,00.html